The U.S. District Court for the Northern District of Illinois has ordered an Oregon resident and his entities to pay over $ 209 million in penalties for running Ponzi schemes disguised as crypto and carbon investment programs. This includes restitution, disgorgement of illegal profits, and a civil penalty. The Commodity Futures Trading Commission (CFTC) …
Hypernative has successfully secured $ 16 million in a Series A funding round spearheaded by Quantstamp, with other notable investors joining the fray. This new capital will be channeled into enhancing its artificial intelligence (AI)-driven security solutions tailored for the Web3 ecosystem. Hypernative Garners $ 16M Funding to Fortify Web3 Security With AI …
A court in British Columbia, Canada, has ordered Daniel Tambosso to repay Hung Nguyen $ 1.2 million for a loan of 22 bitcoins made in 2021. Nguyen, a Canadian real estate agent, claimed the loan constituted his entire savings, and Tambosso’s failure to repay has severely impacted his finances and mental health. Tambosso, claiming …
In August, approximately $ 310.9 million was lost to exploits, hacks, and scams. However, digital assets worth $ 10.3 million were recovered, resulting in a net loss of $ 300.6 million. According to the security firm Certik, this is the second-highest monthly loss in 2024 so far. While May had the highest …
Spot bitcoin exchange-traded funds (ETFs) faced another round of outflows as five funds pulled out $ 175.67 million. At the same time, despite a trading volume of $ 173.66 million, ether ETFs saw no net gains or losses on Friday. Bitcoin ETFs Lose $ 175 Million; Ether ETFs Show No Change Bitcoin …